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May 2017

Found 2 blog entries for May 2017.

Calgary Market Update - May 2017

Calgary Home Sales: Mid-May Update

(May 15 2017) After the first 2 weeks of May, sales have increased in all Calgary property segments month-to-date.

Confidence in a real estate market is a funny thing: It evaporates quickly and returns very slowly. With oil stabilizing around $50 per barrel, confidence has returned to most property sectors in Calgary, most notably detached single family homes.

Below are current sales and listing inventories for May MTD as well as well as last months numbers.

Detached Single Family Home Segment

Detached Calgary market segment represent 64% of all Calgary MLS® sales, and have increased 13.2% MTD vs last May. While the number of new listings has risen 12.6% vs last year, the total number of listed

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Calgary Home Sales Continue to Grow

Calgary housing market gains momentum in April

(May 03 2017): Sales were up across all Calgary property segments in April, setting the stage for the best spring market in the past three years. The job market in Calgary has turned the corner and is beginning to look stronger.

Calgary property sales increased 8.4% year over year. The city-wide benchmark price, which is CREB's combined property sale price, was slightly under 1% lower than last year ($439,600). Note - April sales would have been 4-5% higher had it not been for the Easter long weekend, which occurred in March last year.

More jobs means less uncertainty for people who are sitting on the fence. There also tends to be fewer people who need to sell when employment improves
David Brown,

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